Trader’s Gains and Collapse 

According to Lookonchain, the trader compounded profits on Hyperliquid, growing the account to $29.6 million. They held a 66,749 ETH position, valued at roughly $303 million. Two days ago, the trader closed the longs, locking in $6.86 million profit and leaving $6.99 million in account equity. 

However, the trader quickly re-entered the market with another large ETH long. The market then reversed, resulting in a disaster. $6.22 million worth of positions were liquidated, erasing nearly four months of gains in under 48 hours. The account balance now stands at $771,000. 

https://twitter.com/lookonchain/status/1957342058802487525

Ethereum Dip Buying Opportunities 

Analyst Michaël van de Poppe sees the current pullback as an accumulation chance. He identifies the $4,100–$4,200 zone as ideal for dip buying. He expects at least a 10% rebound from this level. Ethereum’s volatility is likely to decrease soon, paving the way for a new accumulation phase. 

Meanwhile, Kiyotaka data shows strong resting buy orders down to $3,900. These accumulation zones indicate high buyer interest if ETH declines further. Disciplined dip buyers could benefit significantly from this pullback. 

 This case demonstrates the risks of aggressive ETH longs. However, the market still offers strategic opportunities for careful traders. 

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According to blockchain analytics firm Lookonchain, Qwatio opened $55 million worth of Bitcoin (BTC), $36 million worth of Ethereum, and $7.3 million worth of Fartcoin positions. All of these positions were short. However, the market’s sharp rise quickly liquidated the trader’s positions associated with wallet code 0x916E. 

Detailed Losses According to Lookonchain Data 

Lookonchain revealed that Qwatio first lost 16.28 million USDC. Then, to increase his leveraged position, he deposited another 10 million USDC to Hyperliquid. Yet, the rise in Bitcoin and Ethereum prices turned his short-selling strategy into a disaster. 

Gambler @qwatio's massive short positions worth $334M were fully liquidated in just 3 hours, including: 1,743 $BTC ($211M), 33,743 $ETH ($102.3M), and 15M $FARTCOIN ($20.6M).

His wallet (0x916E) is now down nearly $25.84M in total losses. https://t.co/RwVCmLe4rK pic.twitter.com/Ed1jXyaYEY

— Lookonchain (@lookonchain) July 14, 2025

Qwatio’s total $334 million short position was liquidated within just 3 hours. The liquidations included 1,743 Bitcoins valued at $211 million, 33,743 Ethereum worth $102.3 million, and 15 million Fartcoins worth $20.6 million. These liquidations resulted in a total loss of $25.8 million. 

Crypto analytics platform EmberCN highlighted that the trader’s previous $26 million profit was nearly wiped out by these two short positions. 

Profits During Trump Era and Subsequent Decline 

Qwatio’s success started with “long” trades opened before former US President Donald Trump’s “crypto reserve” announcement in March 2025. During this period, the trader earned $6.8 million and made another $3.5 million from MELANIA coin. 

However, at the end of June, he experienced 8 liquidations, losing $12.5 million. With the recent loss, his total losses have approached $38 million. 

Other Leveraged Traders Also Impacted 

Bitcoin’s rapid rise affected not only Qwatio but many traders with short positions. Approximately $600 million worth of leveraged positions were liquidated in the last 24 hours. 

One of them was James Wynn. Wynn opened a short position betting Bitcoin would fall but lost his entire $100 million investment. This highlights the risks traders face when using high leverage in volatile markets. 

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The post $25.8 Million Loss! Bitcoin Rally Shakes the Market appeared first on Coin Engineer.

Cryptocurrency investors, particularly those who held leveraged positions, experienced a nightmare scenario yesterday. While the market’s decline appears to have stabilized for now, the full extent of the damage is becoming clearer today.

Yesterday’s market plunge resulted in mass liquidations, with total liquidations reaching close to $1 billion and the number of liquidated traders surpassing 300 million. One of these unfortunate traders has made headlines today.

A crypto trader known as Crypto Nerd was liquidated on his long position in the meme coin PEPE yesterday. Having lost over $1 million in total, the trader revealed that he was left with barely $1,000 in his bank account:

“I just woke up and realized I got liquidated overnight. I was long PEPE with 3x leverage. I lost everything I had. I don’t even have $1000 in my bank account but I had $1 million on Binance. I’ve been in crypto since 2017 and today I lost everything.”

The trader, who claimed to have no life outside of crypto, expressed being on the verge of suicide.

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